European companies hate the EU’s new AI rules — here’s why

Artificial intelligence sure is keeping the post office busy. After a recent flurry of open letters about runaway AI, unregulated AI, and apocalyptic AI, another missive arrived on the EU’s doorstep today. In this case, however, the signatories have raised a contrary concern. Rather than call for more rules, they fear there will soon be too many. Their target is the impending AI Act. Billed as the world’s first comprehensive legislation for the tech, the new rules are trying to walk the fine line between ensuring safety and supporting innovation. The new letter, signed by executives at some of Europe’s biggest companies,…

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